Trump Recession Thread (aka Trumpcession)

[Ron_Artest 1,563]

The U.S. economy is headed into a period of noticeably slower growth thanks to the tariff impact on inflation and, by consequence, consumer spending, according to Goldman Sachs.

Economists at the Wall Street firm expect gross domestic product to rise at just a 1.1% annual pace through 2025 “as the growing real income drag from tariff-related price increases offsets the boost from easier financial conditions,” Goldman’s chief economist Jan Hatzius said in a note to clients.

https://www.nbcnews.com/business/economy/goldman-sachs-getting-worried-economy-rcna220311

 

[seafoam1 3,059]

Poor liberals still can't afford eggs even though the prices are down under Trump. 

[Ron_Artest 1,563]

GM reported a 35% drop in net income for the quarter ending in June, falling from $2.9 billion in the previous year to just $1.9 billion. Adjusted earnings per share also dropped to $2.53 compared to $3.06 a year earlier. Revenue declined by nearly 2% to $47 billion. The company had already warned in May of potential losses between $4 billion and $5 billion due to the tariffs.

GM’s operating income was hit by $1.1 billion directly due to the tariffs. Since about half of the vehicles it sells in the U.S. are imported — especially from Mexico and South Korea — the tariffs had an immediate effect on supply chains and overall costs.

https://ecency.com/news/@lapacodo/gm-suffers-35percent-profit-drop-amid-trump-era-tariffs

 

[Hardcore troubadour 15,484]

GM is restructuring its operations in China, which could reduce or end its importation to the US, based on Tariffs and market conditions. Winning. 

[Ron_Artest 1,563]

4 minutes ago, Hardcore troubadour said:

GM is restructuring its operations in China, which could reduce or end its importation to the US, based on Tariffs and market conditions. Winning. 

Link?  I think you're conflating 2 issues.

GM announced last year that they were restructuring in China due to lack of revenue and net income.  Had nothing to do with tariffs.

https://www.freep.com/story/money/cars/general-motors/2025/02/14/gm-closing-factory-in-china-restructuring/78654470007/

Also this plant built cars for China, they are not imported to US from China.

https://apnews.com/article/general-motors-china-venture-asset-write-down-restructuring-a01ce3ca6f0a87eea3e0ae1f22fcb295

Is there something new you heard or are you just confused.  I couldn't find anything in the NY Post, was it on 770?

[Hardcore troubadour 15,484]

So good that GM is getting away from China. Tariffs are working. 

[Ron_Artest 1,563]

4 minutes ago, Hardcore troubadour said:

So good that GM is getting away from China. Tariffs are working. 

GM announced this restructure before the tariffs.  But we should want GM selling cars in China.  Come on man.

[Maximum Overkill 2,008]

Just now, Ron_Artest said:

But we should want GM selling cars in China

So now you want to do business with China? You said Triump was kissing China's asss before. Make up your mind? 

We're either all in or out. 

[Hardcore troubadour 15,484]

I feel the country has found its footing again as the world leader. 12 years of Obama and Biden greatly diminished our standing. 

[Maximum Overkill 2,008]

16 minutes ago, Hardcore troubadour said:

I feel the country has found its footing again as the world leader. 12 years of Obama and Biden greatly diminished our standing. 

Agree, things are finally stabilizing, we're removing all of the criminals that Biden let in, we're finally feared and respected again. 

Trump is the President of Peace. No more fake wars! 

[supermike80 1,923]

I remember very well the clamoring from liberals about corporate profits being way too high and how horrible it was.  GM reports lower profits and now liberals are screaming like someone stomped on their foot.  Jeez I wish you guys would make up your minds.

[thegeneral 3,236]

40 minutes ago, Maximum Overkill said:

No more fake wars! 

Russia just dropped a drone swarm on Kiev, We are selling weapons to Ukraine, Donald just figured out Putin is very mean!

[seafoam1 3,059]

5 minutes ago, thegeneral said:

Russia just dropped a drone swarm on Kiev, We are selling weapons to Ukraine, Donald just figured out Putin is very mean!

Trump!! 

[thegeneral 3,236]

Growth below average. Markets lagging well behind pace of Obama, Biden, Trump 1.0 at this point in their presidencies.

Very mediocre.

[avoiding injuries 1,589]

2 hours ago, Hardcore troubadour said:

I feel the country has found its footing again as the world leader. 12 years of Obama and Biden greatly diminished our standing. 

Deportations and the B2 Bomber mission have catapulted the US back to the leader and undisputed champ of the free World. 

[TimHauck 2,905]

Construction spending declining (but started declining during Biden)

https://x.com/BobEUnlimited/status/1947344230780686758
 

 

 

[Hardcore troubadour 15,484]

21 minutes ago, avoiding injuries said:

Deportations and the B2 Bomber mission have catapulted the US back to the leader and undisputed champ of the free World. 

Yes.  We can’t dismiss the impact that mission had and will have. A tremendous and effective show of strength.  

[MDC 7,470]

Update on Day 1 lower prices?

[seafoam1 3,059]

2 minutes ago, MDC said:

Update on Day 1 lower prices?

Update: Prices are lower. Just because you are broke doesn't mean prices aren't down. 

[MDC 7,470]

WASHINGTON (AP) — Inflation rose last month to its highest level since February as President Donald Trump's sweeping tariffs are pushing up the cost of a range of goods, including furniture, clothing, and large appliances.

Consumer prices rose 2.7% in June from a year earlier, the Labor Department said Tuesday, up from an annual increase of 2.4% in May. On a monthly basis, prices climbed 0.3% from May to June, after rising just 0.1% the previous month.

Link

At least Don covered up for a child sex ring and renamed the Gulf of Mexico. 

Winning.  

[Maximum Overkill 2,008]

9 minutes ago, MDC said:

WASHINGTON (AP) — Inflation rose last month to its highest level since February as President Donald Trump's sweeping tariffs are pushing up the cost of a range of goods, including furniture, clothing, and large appliances.

Consumer prices rose 2.7% in June from a year earlier, the Labor Department said Tuesday, up from an annual increase of 2.4% in May. On a monthly basis, prices climbed 0.3% from May to June, after rising just 0.1% the previous month.

Link

At least Don covered up for a child sex ring and renamed the Gulf of Mexico. 

Winning.  

It's rough in Philly Cuzzo. You should probably get out of that Liberal run cesspool and go somewhere thats cleaner, safer and more affordable. 

[Hardcore troubadour 15,484]

3 minutes ago, Maximum Overkill said:

It's rough in Philly Cuzzo. You should probably get out of that Liberal run cesspool and go somewhere thats cleaner, safer and more affordable. 

There are 80+ mosques in Philadelphia. For some reason Muslims have decided they can shut down streets to pray. Liberals are ok at this. They are brown for the most part and vote dem.   But a Latin mass? Send in the gestapo. 

[avoiding injuries 1,589]

You know what’s helpful? Historical data. Here, we have an article talking about inflation being higher than any month since FEBRUARY. LOL. 4 months of data. 
 

Take a look at this chart and try to focus on the inflation rates beginning in Q2 of 2021 when liberal policies started to take effect after Biden took office. Liberals are stupid. 
 

https://www.usinflationcalculator.com/inflation/historical-inflation-rates/

[Hardcore troubadour 15,484]

Trade deal with Indonesia announced. Just ticking them off one by one. And surrounding China.

[supermike80 1,923]

Wow...Seems we might not be headed to economic Armageddon after all.  Weird

https://www.yahoo.com/finance/news/tariffs-look-dog-didn-t-081715832.html

[Ron_Artest 1,563]

41 minutes ago, avoiding injuries said:

You know what’s helpful? Historical data. Here, we have an article talking about inflation being higher than any month since FEBRUARY. LOL. 4 months of data. 
 

Take a look at this chart and try to focus on the inflation rates beginning in Q2 of 2021 when liberal policies started to take effect after Biden took office. Liberals are stupid. 
 

https://www.usinflationcalculator.com/inflation/historical-inflation-rates/

What is stupid is blaming inflation on "liberal policies".  You don't even know what caused the inflation.

[seafoam1 3,059]

1 minute ago, Ron_Artest said:

What is stupid is blaming inflation on "liberal policies".  You don't even know what caused the inflation.

It Trump's fault!! 

[Hardcore troubadour 15,484]

1 minute ago, Ron_Artest said:

What is stupid is blaming inflation on "liberal policies".  You don't even know what caused the inflation.

The inflation reduction act caused a lot of inflation. 

[Ron_Artest 1,563]

3 minutes ago, Hardcore troubadour said:

The inflation reduction act caused a lot of inflation. 

Wrong.

The Inflation Reduction Act was signed into law in August 2022.  The inflation rate in August 2022 was 8.3%.

From August to December of 2022 the inflation rate dropped from 8.3% to 6.5%.  By June of 2023 we hit 3%.  June of 2024 was 3%.  Election day was 2.7%

https://tradingeconomics.com/united-states/inflation-cpi

Stop spreading lies.

[seafoam1 3,059]

1 hour ago, Ron_Artest said:

Wrong.

The Inflation Reduction Act was signed into law in August 2022.  The inflation rate in August 2022 was 8.3%.

From August to December of 2022 the inflation rate dropped from 8.3% to 6.5%.  By June of 2023 we hit 3%.  June of 2024 was 3%.  Election day was 2.7%

https://tradingeconomics.com/united-states/inflation-cpi

Stop spreading lies.

 

[squistion 2,216]

1 hour ago, Ron_Artest said:

Wrong. The Inflation Reduction Act was signed into law in August 2022.  The inflation rate in August 2022 was 8.3%.

From August to December of 2022 the inflation rate dropped from 8.3% to 6.5%.  By June of 2023 we hit 3%.  June of 2024 was 3%.  Election day was 2.7% https://tradingeconomics.com/united-states/inflation-cpi

Stop spreading lies.

If he couldn't keep spreading lies, he would have nothing else much to post (which is why you never see a link from him to back up his claims).

[Horseman 2,470]

10 hours ago, Ron_Artest said:

The U.S. economy is headed into a period of noticeably slower growth thanks to the tariff impact on inflation and, by consequence, consumer spending, according to Goldman Sachs.

Economists at the Wall Street firm expect gross domestic product to rise at just a 1.1% annual pace through 2025 “as the growing real income drag from tariff-related price increases offsets the boost from easier financial conditions,” Goldman’s chief economist Jan Hatzius said in a note to clients.

https://www.nbcnews.com/business/economy/goldman-sachs-getting-worried-economy-rcna220311

 

Keep posting. 

Every time you say something stupid the S&P hits an all time high. 

 

[Hardcore troubadour 15,484]

4 hours ago, Horseman said:

Keep posting. 

Every time you say something stupid the S&P hits an all time high. 

 

I hope Gutterboy keeps the good times rolling. Too bad he missed out. 

[Ron_Artest 1,563]

15 minutes ago, Hardcore troubadour said:

I hope Gutterboy keeps the good times rolling. Too bad he missed out. 

Missed out?  I'm heavily invested but nervous as hell

[Hardcore troubadour 15,484]

1 minute ago, Ron_Artest said:

Missed out?  I'm heavily invested but nervous as hell

You said you were getting out. Which is it? 

[Ron_Artest 1,563]

Just now, Hardcore troubadour said:

You said you were getting out. Which is it? 

I never said that.

[seafoam1 3,059]

3 minutes ago, Ron_Artest said:

I never said that.

Yes you did. I remember clearly you saying you pulled out completely. 

 

[seafoam1 3,059]

This is the best recession ever. 

[Mike Hunt 283]

18 hours ago, seafoam1 said:

 

Every time I watch this it gets more disgusting as to how he was allowed to get away with all this kissing and groping women and children.  The first young lady looks mortified.  And this is just what was caught on camera.  Imagine all the groping that went unseen!

[Horseman 2,470]

12 hours ago, Hardcore troubadour said:

You said you were getting out. Which is it?